Cinemark Hldgs Inc Stock Price, News & Analysis

Cinemark Holdings is expanding its footprint in Utah by constructing a new 14-screen theatre at Mountain View Village, Riverton, set to open mid-2022. This project, in partnership with CenterCal Properties, was agreed upon in 2019 and marks a significant development for Cinemark, notably as one of the first theatres to commence construction post-COVID pandemic. The theatre will feature advanced technologies, including Cinemark XD and luxury loungers, enhancing the movie-going experience.

Cinemark Holdings (NYSE: CNK) will announce its first quarter 2021 operating results on May 7, 2021, at 8:30 a.m. Eastern Time. A conference call will follow the earnings report, allowing interested parties to join via a live webcast or phone. The call can be accessed by visiting Cinemark's Investor Relations website and will be archived for future listening. Cinemark operates 531 theaters with nearly 6,000 screens across 41 U.S. states and 15 countries.

Cinemark Holdings is set to celebrate the 93^rd Oscars® with its annual Oscar® Movie Week festival from April 19 to April 25. Fans can watch all nominated Best Picture films and selected Best Shorts at over 100 participating theatres. Tickets are available online for $5 per film or $10 for all shorts. Cinemark emphasizes guest health and safety through measures like extensive cleaning protocols and limited seating. With a 96% guest satisfaction rating, Cinemark is ready to provide a cinematic experience during this iconic event.

Cinemark Holdings (NYSE: CNK) celebrated the grand opening of its Cinemark Totem Lake and XD theatre in Kirkland, enhancing the local moviegoing experience. This theatre features eight screens, Luxury Loungers, and advanced sight and sound technology. Upcoming films include Tom & Jerry, The Courier, and Godzilla vs. Kong. Cinemark emphasizes health and safety, implementing extensive sanitization and physical distancing measures. The theatre also offers a Private Watch Party option for $99 to $149, appealing to groups seeking a private cinematic experience.

Cinemark Holdings, Inc. (NYSE:CNK) announced the expiration of its cash tender offer for its 5.125% Senior Notes due 2022, which closed at 5:00 p.m. on March 11, 2021. A total of $333,990,000 (83.50%) of the Notes were validly tendered. Cinemark USA accepted and paid for all validly tendered Notes on March 16, 2021. Wells Fargo Securities acted as dealer manager for the offer. This press release is not a solicitation and does not constitute an offer in any jurisdiction where it is unlawful.

Cinemark announced the reopening of over 10 theatres in the greater Los Angeles area starting March 13. The company aims to enhance the cinematic experience with safety protocols that boast a 96% guest satisfaction rating. The reopening will feature new movies, including Godzilla vs. Kong, with an ongoing list of upcoming blockbusters. The company also promotes Private Watch Parties for a personalized viewing experience. Cinemark emphasizes its commitment to health and safety through The Cinemark Standard, which includes extensive cleaning measures and air purification systems.

Cinemark Holdings (NYSE: CNK) announced the expiration of its cash tender offer for 5.125% Senior Notes due 2022, which closed on March 11, 2021. A total of $326,916,000, or 81.73%, of the Notes were validly tendered, excluding $9,146,000 subject to guaranteed delivery. Cinemark USA expects to accept all validly tendered Notes and make payment on March 16, 2021. Wells Fargo Securities, LLC served as dealer manager for this transaction.

Cinemark Holdings, Inc. (NYSE: CNK) announced a private offering totaling $405 million in senior notes due 2026. The notes, priced at 5.875%, are part of a strategy to refinance existing debt, specifically the 5.125% notes due 2022. The offering is expected to close on March 16, 2021. This refinancing aims to optimize capital structure and manage financial obligations more effectively. The offering is restricted to qualified institutional buyers and certain non-U.S. persons.

Cinemark Holdings, Inc. (NYSE:CNK) announced a cash tender offer for its 5.125% Senior Notes due 2022, with an aggregate principal of $400 million. The tender offer, expiring at 5:00 p.m. NY time on March 11, 2021, offers cash consideration of $1,002.70 per $1,000 principal plus accrued interest, with settlement expected on March 16, 2021. The offer depends on certain conditions, including completing debt financing to fund the purchase. Holders may withdraw notes until the expiration time. The company is not making recommendations regarding the tender.